Common use of Contingent) Designation Clause in Contracts

Contingent) Designation. Name of the Trust: Execution Date of the Trust: Name of the Trustee: Beneficiary(ies) of the Trust: (please indicate the percentage for each beneficiary): Name(s): Name(s): Is this an Irrevocable Life Insurance Trust? ¨ Yes ¨ No (If yes and this designation is for a Joint Beneficiary Designation Agreement, an Assignment of Rights form must be completed.)